October 14, 2025/Coronation Report
Summary
The Naira strengthened across both official and parallel markets last week, buoyed by sustained CBN interventions and foreign inflows during the week. At the NFEM window, the local currency appreciated by 1.02% w/w to close at N1,465.68/US$1, while in the parallel market it advanced by 2.75% w/w to N1,455.00/US$1. Consequently, the gap between the two markets flipped to -N10.68 (a premium of 0.73% on the official market rate), from N14.34…
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